HARMONY TRADING CORP.
APRIL 2, 2002
EXHIBIT 10.1
April 5, 2002
Harmony Trading Corp.
000 Xx. Xxxxxxxxx, Xxxxx 000
Xxxxxxxx, Xxxxxx X0X 0X0
Attention: Xxxxx Yersh, President
RE: TERMINATION OF INDEPENDENT CONTRACTOR RELATIONSHIP;
ASSIGNMENT OF DONCASTER AGREEMENT
Gentlemen:
This will confirm our mutual agreement to terminate our relationship
pursuant to which we presently market and sell the Doncaster division of Xxxxxx
Companies ("Xxxxxx") clothing line on behalf of Harmony Trading Corp.
("Harmony") in our capacity as independent contractors. In connection therewith,
you have agreed to assign to us all of Harmony's rights under the agreement
presently in effect between Harmony and Xxxxxx. We will notify Xxxxxx of the
termination and assignment and Harmony agrees that it will provide Xxxxxx with
any and all documentation or information requested by it to effect the
assignment. Harmony further agrees that all commissions, if any, due to us as at
the effective date of termination and assignment will be promptly paid to us
upon receipt of related proceeds from Doncaster. The termination and assignment
is to be deemed to have taken effect immediately following the April 3, 2002
closing of that certain Reorganization Agreement dated March 27, 2002 among
Harmony, Group Intercapital Inc, Nuvo Way Inc. ("Nuvo"), the shareholders of
Nuvo and Xxxxxxx Xxxxx.
Very truly yours,
/s/ Xxxxxx Xxxxxxxxxx
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Xxxxxx Xxxxxxxxxx
/s/ Xxxxxxx Xxxxxx
---------------------------
Xxxxxxx Xxxxxx
/s/ Xxxx Xxxxx
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Xxxx Xxxxx
ACCEPTED AND AGREED
HARMONY TRADING CORP.
By:/s/ Xxxxx Yersh
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Name: Xxxxx Yersh
Title: President
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